Regarding the financial results of the company for the first 9 months, ASELSAN General Manager Ahmet Akyol said, “While continuing our profitable growth in the first nine months of 2023, we reached $10.8 billion, the largest outstanding order amount in our history, with the total of the works we received. We have entered the Turkish Century with confident steps.”
ASELSAN announced the financial results for the first 9 months of 2023. ASELSAN’s turnover grew by 81% compared to the same period last year, reaching ₺32.1 billion.
While the company’s gross profit increased by 75%, Earnings Before Interest, Depreciation and Tax (EBITDA) increased by 74%. ASELSAN’s net profit increased by 72% and reached ₺9.8 billion.
Largest order amount in history
ASELSAN General Manager Ahmet Akyol, whose views were included in the statement, stated that the company brought firsts to the Turkish nation on the 100th anniversary of the Republic. Akyol said, “As ASELSAN, we became the flag bearer of our country in the defense industry in the first century of our Republic. We showed the fruits of these efforts with our first nine-month financial results. While continuing our profitable growth in the first nine months of 2023, we reached $10.8 billion, the largest outstanding order amount in our history, with the total of the works we received. We have entered the Turkish Century with confident steps with the new contracts we signed with our stakeholders, especially friendly and brotherly countries.”
“We gifted our national systems”
Akyol emphasized that they showcased some national systems for the first time, which will provide new capabilities to the security forces in the field in the first nine months of 2023, and said:
“We developed Turkiye’s first autonomous underwater vehicle, DERINGOZ, for our Blue Homeland. The ALBATROS Kamikaze Unmanned Marine Vehicle swarm, which we developed with our national engineering power, neutralized the target ship in the tests carried out in Mersin and opened a new era in today’s unmanned systems. In the first nine months of signing our signature with our advanced technology, we have achieved important milestones in the GURZ Hybrid Air Defense System, GOKSUR Close Air Defense Missile System, GOKDEMİR Missile Launching System and GOKBERK Mobile Laser Weapon Systems, which will strengthen the defense of the sky homeland. While these systems eliminate our dependence on foreign countries, they provide much superior performance than equivalent systems. We aim to eliminate possible threats in the war environment of the future with our new electronic warfare and unmanned systems consisting of EJDERHA, ERTUNGA, SOKMEN and TUNGA.
In the first nine months, which were very productive for ASELSAN, we brought the GOZDE guidance kit, SADAK national release system, KARAKURT Reconnaissance and Targeting Systems, YARASA HF Electronic Support System and AYI HF Electronic Attack System to our country. “We shield against the diversifying threats of today’s battlefield with ASELSAN technologies.”
“Our investments are increasing”
Pointing out that, as ASELSAN, they continue to make serious investments in order to develop and produce all these technologies, Akyol said, “We have recently commissioned our New Avionics Production Facility. We have completed our AESA Radar Integration and Production Building. We started the investment of our Guided Ammunition additional production facility. We have also initiated the work on strategic investments in air defense, radar, electronic warfare and microelectronic systems. All these investments are a clear statement that ASELSAN is walking towards the future with great self-confidence.”
ASELSAN’s Turkiye Century targets
Akyol stated that, as ASELSAN, they largely achieved their goal of developing local and national systems in the first century of the republic, and said, “We set three main goals for ourselves in the second century of our republic.
The first is to make the best products in its field, the second is to break new ground in the world, and the third is to grow export-oriented in higher technology. We will open up new routes with the values we create in the global market. We will contribute to the security of friendly and allied countries by using various cooperation models. We will continue to present our independent, national, advanced technologies to the new century of our republic with greater determination.”
Source: Trthaber / Prepared by Irem Yildiz